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Techub News reports that according to Coinpedia, cryptocurrency lawyer John E Deaton has warned that if the U.S. Congress fails to pass the stablecoin GENIUS bill in a timely manner, substantial crypto regulation reform may be delayed until 2029. Deaton criticized the U.S. regulatory stance for its drastic swings during government transitions, noting that current regulations still rely on legal frameworks from the 1930s and 1940s. Messari founder Ryan Selkis specifically pointed out that if the bill is not passed this week, crypto reform may be aborted during the future Trump administration.

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